AUDJPY: Bullish recovery?AUDJPY
Intraday - We look to Buy a break of 91.00 (stop at 90.10)
Previous support located at 90.00. Previous resistance located at 91.00. Price action looks to be forming a bottom. A move through 91.00 will confirm the bullish momentum.
Our profit targets will be 93.00 and 93.25
Resistance: 91.00 / 91.50 / 93.00
Support: 90.00 / 89.75 / 89.50
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Audjpylong
AUDJPY LONGS ACTIVE 📉📉📉AUDJPY - LONGS ACTIVE ✅ sell side liquidity + weekly lows liquidity has been taken out. Expecting bullish price action from this area as we have to fill the bearish imbalances, the price also rejected a D1 bullish orderblock area + retail traders are short on this pair.
Retail herd positions average - 68% short positons = LONG SIGNAL ✅
What do you think ? Comment below..
Finally AUD/JPY Closed Above Res,Long Entry After D ConfirmationThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/JPY Ascending TriangleThe AUD/JPY is at the yearly high. Having successfully crafted an Ascending Triangle pattern to confirm the presence of buyers in the market amid the peace talk between Russia and Ukraine.
Technically - If the price gives a sound rebound above the 94.00 psychological level, the pair could experience another surge in price and mark 96.55 as the next stop or move further ahead to 2015 high.
AUDJPY | RANGE IN PLAYAUDJPY | RANGE IN PLAY
AUDJPY after making a high of 94.325, price drop sharply and bulls push it again to make same high with double top pattern.
Since then we see rejection in the price. Currently price is consolidating in a range. We are expecting this range will give a breakout below and price can see the 91 level again.
Trade your levels accordingly.
AUD/JPYOver the past week and during the calendar month of March, the Australian Dollar has been the strongest currency while the Japanese Yen has been the weakest. This currency cross is at the heart of the Forex market now. The Yen is weak as the Bank of Japan wants to bring inflation up to 2%, while the Australian Dollar is strong on improved global risk sentiment and a relatively buoyant commodities sector concerning Australian exports.
Technically, the price has powered to a new 6.5-year high, again making a very strong rise last week – this was the biggest weekly rise in this currency cross seen in many years.